Lottery Winnings

if u win the lottery how much is taxed
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If you are a nonresident, Wisconsin Lottery winnings are taxable Wisconsin income tax withholding from a lottery prize is required if the

There are federal and state US taxes payable on larger US lottery winnings The federal tax rate that is paid as a non-resident winner is 30% on payouts above If you win more than $5,000, you have to pay a 24 percent federal withholding tax However, depending on your annual earnings and tax deductions, you may get

kr 611 lottery result Any guesses on how much tax you have to pay? Photo: AFP · Now, the laws also say that tax can be deducted only if such lottery income is greater You don't have to win the big jackpot to owe lottery taxes Your winnings are considered taxable and are added to your ordinary income when